Summary by Futu AI
HSBC Holdings submitted the disclosure report on June 27, 2024, disclosing the latest situation of its share repurchase activities. According to the report, HSBC repurchased and cancelled 2,952,593 ordinary shares in the UK on June 24, 2024 at a repurchase price of 6.9129 British pounds per share. In addition, the report shows that from June 25 to 26, HSBC conducted several share repurchases in the UK and Hong Kong, but has not yet cancelled them, with a total repurchased share of 8,694,593 shares. The repurchased shares will be proposed for cancellation, and within one month after the repurchase, HSBC will not issue any new shares or sell or transfer treasury shares. The resolution authorizing the share repurchase by the company was passed on May 3, 2024 and will continue until the end of the shareholder annual meeting in 2025 or the end of business hours on June 30, 2025. As of the reporting date, HSBC had repurchased shares according to the authorization, representing 1.269817% of the issued shares.